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    1513 S State St Lockport, IL 60441

    For Sale
    $1,200,000

    Commercial Sale - Lockport, IL

    Property size:
    12,251 SF
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 1513 S State St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    1104233230050000
    Size
    12,251 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Number of units
    4
    Architectural style
    Other

    Exit Real Estate Specialists (815) 823-5478 [email protected]

    Listing agent Melanie Aranda (815) 457-7575 License #475147387

    Listing date Nov 24, 2025

    MLS# 12501074 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lockport Retail Plaza For Sale

    This is a four-unit retail plaza located on the corner of State Street and Division Street in Lockport. The property benefits from high traffic and visibility, with easy access and ample parking. Two units are currently leased to established tenants, including a pizza restaurant and a liquor store. The property offers potential for both owner-users and investors. The area's strong traffic counts suggest a solid long-term asset. Two units are vacant and can typically be shown at any time with appointment, while access to the two occupied units depends on customer traffic and business activity. An additional three properties are located at 1525, 1527, and 1529 S. State St., and are included under PIN 1104233230040000. The property is zoned COMMR and has a size of 12,251 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Will
    State
    Illinois
    Longitude
    -88.0609118
    Latitude
    41.5829246

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    FAQs

    What type of property is this?
    Strip mall - Four-unit retail plaza at a high-traffic intersection in Lockport.
    Where is this strip mall located?
    The property is located at 1513 S State St Lockport, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High-traffic corner location at State St and Division St intersection.; - Two units currently leased to established tenants (pizza restaurant and liquor store).; - Ample parking and easy access for customers.
    (815) 457-7575
    Request Owner's contact information
    1513 S State St Lockport, IL 60441
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    Lockport, IL 60441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1513 S State St Lockport, IL 60441
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